Vibe coding assists Supabase in securing $200 million at a $2 billion valuation just seven months after its previous funding round

Supabase raises $200M at $2B valuation leveraging vibe coding.

: Supabase has secured a remarkable $200 million Series D funding led by Accel, boosting its valuation to $2 billion. This round comes just seven months after procuring $80 million led by Peak XV and Craft Ventures. The startup has effectively raised approximately $398 million since its inception. It integrates open source tools with Postgres, becoming a popular backend for AI and app development.

In 2020, Supabase was established by CEO Paul Copplestone in New Zealand, offering an open-source alternative to platforms like Firebase for database management. It uniquely combines the capabilities of Postgres—a well-regarded open-source SQL database—and features like authentication and auto-generated APIs. This combination streamlines app development, contributing to its increasing appeal among developers.

The company recently announced a Series D funding round of $200 million, raising its valuation to $2 billion, according to Fortune. This latest round of investment was led by Accel, with notable participation from Coatue, Y Combinator, Craft Ventures, and Felicis, marking an impressive influx only seven months after its last $80 million funding, as reported by PitchBook.

Supabase's growth trajectory is remarkable, as reflected by its developer community surpassing 1.7 million members and accruing over 81,000 stars on GitHub. Felicis managing partner, Aydin Senkut, appreciates the insane growth, noting the platform is on its way to becoming the default backend for AI applications and varied other apps.

The startup's success underscores the potential of open-source projects to achieve commercial triumph. By offering a cost-effective and efficient alternative to more expensive database solutions like Oracle and Microsoft, Supabase resonates with developers looking for accessible, scalable options without compromising performance, encapsulated in its marketing tagline 'build in a weekend: scale to millions'.

With AI continually transforming the technological landscape, tools like Supabase are pivotal in powering apps designed at scale, shaping future billion-user platforms. It serves as a testament to how strategic investment in promising tech startups can yield substantial rewards.

Sources: Fortune, TechCrunch, PitchBook

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